Are you an older taxpayer who owns a house that has appreciated greatly? At the same time, you may need income. Thankfully, there could be…read more

Your not-for-profit may prefer to avoid activities that subject it to unrelated business income tax (UBIT). But if you accept advertising or sponsorships that aren’t…read more

Let’s suppose you have a grand idea for a successful business. You’ve established a broad vision and you’ve sketched out a basic plan for launching…read more

If you read the Internal Revenue Code (and you probably don’t want to!), you may be surprised to find that most business deductions aren’t specifically…read more

Whether your not-for-profit is continuing to hold videoconference board meetings or is back to in-person gatherings, you don’t want to waste members’ time. Board meetings…read more

Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several tax concerns need to be…read more

At the slots or online, remember to keep records. Gambling at the casino or the racetrack can be entertaining for many people. If you’re one of…read more

According to a recent survey conducted by fundraising platform FrontStream, the vast majority (87%) of Americans say they’re donating to charity in 2021. And almost…read more

Many people have savings bonds that were purchased many years ago. Perhaps they were given to your children as gifts or maybe you bought them…read more

Right now, you may be more concerned about your 2019 tax bill than you are about your 2020 tax situation. That’s understandable because your 2019…read more

Financial statements aren’t particularly meaningful without a relevant basis of comparison. There are two types of “benchmarks” that a company’s financials can be compared to…read more

Note: this article was updated 9/21/22 and now includes a reference link regarding the 2022-23 school tax assessments.  The Real Property Tax Relief Credit NY-IT-229…read more